Waters Rankings 2015: Best Sell-Side OMS Provider ─ Fidessa
Fidessa dethrones Bloomberg after five years of dominance.
Fidessa's OMS allows clients to manage orders from receipt to confirmation as it automates the complete trade lifecycle workflow. Jay Biancamano, head of equities product marketing for the Americas at Fidessa, says the firm has made major investments in adding content and intelligence to its offering.
"We know that brokers have to differentiate themselves from other brokers. So there's a demand for content; there's a demand for better analytics; and there's definitely a demand for giving them unique data and incorporating proprietary data and datasets into their workflow," Biancamano says.
For cash equities, Fidessa enhanced its market open execution service so that users can now automatically calculate an instrument's level of "qualified merchandise," he says. It also improved its basket trading functionality by offering the ability to configure a client's systems to use the instrument's primary market data to populate benchmarks. Clients can also now allow basket traders to configure wave quantities based on percentage of average-daily volume, opening volume and closing volume.
Biancamano says that the platform's smart-order router's posting logic allows users to intelligently send orders to venues based on the latest published exchange rebate schedules. And as analytics tools take on greater importance, Fidessa enhanced its real-time intelligence platform by creating a central analytics server that utilizes a high-performance tick database allowing for more flexible research offerings away from the OMS.
In the equity-options space, Fidessa released the complex order entry dialog that now contains a panel that enables users to enter child-order split parameters at the time of order entry, configurable single-click order entry, the ability to facilitate quick routing, the ability to enter both single and complex orders, and the addition of alternate pricing fields to the complex dialog for certain strategies.
The company has also enhanced its futures and options capabilities in the face of new regulations, and expanded its platform to offer a fully integrated US treasury trading solution.
Rest assured that Bloomberg will be back next year seeking to reverse this result, but Fidessa should be proud of this coup and will no doubt look to entrench its position as the premier sell-side OMS provider next year.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
BST Awards 2024: Best buy-side execution venue—360T
Product: 360T
Buy-Side Technology Awards 2024: All the winners and why they won
The 39 category winners of the 2024 Buy-Side Technology Awards.
BST Awards 2024: Best buy-side performance measurement and attribution product—FactSet
Product: FactSet Performance Solutions
BST Awards 2024: Best buy-side newcomer (vendor or product)—Exegy
Product: nxFramework
BST Awards 2024: Best buy-side managed data service—S&P Global Market Intelligence
Product: iLEVEL Managed Data Services
BST Awards 2024: Best portfolio accounting platform—SS&C Advent
Product: Geneva and APX